Title :
Notice of Retraction
The effect of urban residents´ income on house prices
Author_Institution :
Sch. of Econ. & Manage., Weifang Univ., Weifang, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
This paper, based on China´s quarterly data from 1994 to 2006, by employing VAR model, Granger causality test and variance decomposition, studies the effect of urban residents´ income on house prices. The results suggest that there is unilateral causality between urban residents´ income and house prices, the alteration of house prices is mostly affected by its own alteration, urban residents´ income is also important in explaining the variance of house prices. The government urgently needs to take a series of policies and measures to enforce urban residents´ income.
Keywords :
causality; property market; regression analysis; salaries; China; Granger causality test; VAR model; house prices; unilateral causality; urban residents income; variance decomposition; vector autoregression model; Econometrics; Economic indicators; Government; Pricing; Reactive power; Software testing; Stability analysis; Statistics; Supply and demand; Time series analysis; Granger causality test; VAR; house prices; urban residents´ income; variance decomposition;
Conference_Titel :
Computer Engineering and Technology (ICCET), 2010 2nd International Conference on
Conference_Location :
Chengdu
Print_ISBN :
978-1-4244-6347-3
DOI :
10.1109/ICCET.2010.5485562
